Business Counts are based on snapshots of actively trading businesses as at June 2014, 2015, 2016 and 2017 from the Australian Bureau of Statistics Business Register (ABSBR). The ABSBR contains counts and rates of business entries and exits from the Australian economy as well as counts and rates pertaining to the survival of businesses. This count only includes businesses which actively traded in goods or services during the reference period.

Most businesses in Australia need to obtain an Australian Business Number (ABN). These businesses are then included on the whole-of-government register of businesses, the Australian Business Register (ABR), which is maintained by the Australian Taxation Office. For a relatively small number of businesses, the ABN unit is not suitable for ABS economic statistics purposes and the ABS maintains its own units structure through direct contact with these ‘non-profiled’ businesses. These businesses constitute the profiled population. This population consists typically of large, complex and diverse groups of businesses.

Annual turnover values are based on data reported to the ATO through Business Activity Statements (BASs) and includes imputation for missing periods for all businesses in the Non-profiled population. For businesses in the Profiled population, turnover reported on BAS for ABNs is aggregated to Enterprise (EN) level and is apportioned to the relevant types of activity units.

Where businesses report zero values on their BAS or have failed to report at all, these data are compared with auxiliary BAS data, which are then used for the purposes of assigning annual turnover values for each in scope business. In cases where auxiliary BAS data are not available, an imputation based on auxiliary ABSBR data (including wages and salaries and employment data) is used.

Note: Due to a change in ABS methodology, classificatory, definitional, administrative and content changes care should be taken when comparing data since the 2014 release with earlier releases.

Percentage changes of business counts from year to year reflect entries and exits of business. It is important to note that the percentage changes also reflect turnover and staffing level changes in businesses. Therefore, a large percentage change, for example in businesses employing 200+ staff, does not necessarily mean an exit or entry of large firms but may instead relate to changes in staffing levels, resulting in a business being assigned to a different ‘number of staff’ cohort.

Source: Australian Bureau of Statistics, Counts of Australian Businesses, including Entries and Exits, Cat. 8165.0. (Jun 2015, 2016 & 2017, released 21 Feb 2018. Jun 2018 data will be available in Feb 2019.)

Disclaimer

All figures, data and commentary presented in this software are based on data sourced from the Australia Bureau of Statistics (ABS), most of which relates to the 2016, 2011, 2006 and 2001 Censuses, and other government agencies.

This software is provided in good faith with every effort made to provide accurate data and apply comprehensive knowledge. However, REMPLAN does not guarantee the accuracy of data nor the conclusions drawn from this information. A decision to pursue any action in any way related to the figures, data and commentary presented in this software is wholly the responsibility of the party concerned. REMPLAN advises any party to conduct detailed feasibility studies and seek professional advice before proceeding with any such action and accept no responsibility for the consequences of pursuing any such action.

The industrial economic data presented in this profile has been sourced from REMPLAN. Muswellbrook Shire Council has access to the full version of REMPLAN with economic data for 114 industries and an economic impact modelling capability. For additional information about the Muswellbrook economy please contact the Muswellbrook Shire Council Economic Development unit.